Sales of mutual funds through brokers and financial advisers continued to shift toward fee-based compensation last year, while the trend toward fee-for-advice distribution accelerated, according to a study released today by Strategic Insight Mutual Fund Research and Consulting LLC.
The Securities and Exchange Commission is considering how regulation of money-market mutual funds could be tightened to better protect investors, the head of the agency said today.
The Securities and Exchange Commission plans to re-examine the issue of 12(b)-1 fee reform, Chairman Mary Schapiro pledged today at the Mutual Fund Directors Forum Annual Policy Conference in Washington.
The Grail American Beacon Large Cap Value ETF (GVT), an actively managed exchange traded fund, began trading today on the New York Stock Exchange. Grail Advisors LLC of San Francisco is the ETF’s manager.
These are difficult times for the mutual fund industry, which makes consideration of publicly traded fund companies as investments particularly nerve-racking.
Mutual fund groups groups must adjust to a new, potentially expensive distribution landscape, according to members of a round-table panel of fund executives, financial advisers and industry experts.
The day of reckoning has come for the financial services industry.
Invesco PowerShares Capital Management LLC said today that it plans to close 19 of its current 135 exchange traded funds.
Mutual fund assets grew by 2.3% in March, according to a report released by the Investment Company Institute.
AdvisorShares Investments LLC appears to have moved a step closer to launching its first actively managed exchange traded fund.
Four out of the top 10 largest mutual funds on Doug Fabian’s <a href=http://www.mutualfundlemonlist.com>Lemon List</a> for the first quarter were from Fidelity Investments.
Passively managed funds outperformed actively managed funds across all categories during the past five years according to Standard & Poor’s Index Services, which was released today.
Financial stocks have made a remarkable comeback in the past month, leaving advisers to make a hard call: Are banks regaining their health after the yearlong shellacking that they have endured?
The mutual fund industry is poised to do away with Class C mutual fund shares, even though the Securities and Exchange Commission gave them a reprieve by moving to table reforms.
Equity funds investing primarily in U.S. stocks had a net outflow of $3 billion, reversing the previous week’s inflow of $3.2 billion, TrimTabs reported.
Mutual fund investors paid $15.8 billion in taxes last year for distributions, according to a report released today by Lipper Inc. of New York.
American Funds plans to send out proxy statements next week to shareholders of its money market mutual funds seeking approval to merge two of the funds and convert one to a short-term bond fund.
The Securities and Exchange Commission is exploring structural changes to money market mutual funds, including raising the net asset value standard to $10, from $1.
